Marine Electricals (India) Limited (MARINE) Fair Value & Analysis
Industrials · IN · Market cap ₹37.7B
Fair value as of: Jul 3, 2026
From 17 valuation models · updated today
Share price +11.0% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹153.81 – ₹295.00 · fair‑value band ₹52.26 – ₹97.06 · the ₹284.20 price screens above the ₹74.66 fair value. As of Jul 3, 2026.
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Marine Electricals (India) Limited (MARINE) currently trades at ₹284.20, while our model-based Fair Value estimate is ₹74.66 — implying the stock looks roughly 73.7% overvalued today. We read business quality at 54/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Marine Electricals (India) Limited generated revenue of ₹8.8B at a net margin of 6.7%. Revenue grew 10.7% year over year. It earns a return on equity of 12.9%. The balance sheet holds a net cash position of ₹595M. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Marine Electricals (India) Limited manufactures and sells various marine and industrial electrical and electronic components in India and internationally. The company operates through Marine and Industry segments. It provides marine and defence solutions that offer power generation and distribution solutions, including main switch boards, automated power management systems, motor control centers/group starter panels/local starter panels, distribution boards, battery charger/transformer rectifier units, and navigation light control panels; internal communication systems comprising automatic telephone, self-powered telephone, public address-general alarm, sound reception, and talk-back systems; electrical and hybrid propulsion systems consisting of battery energy storage systems, air- and liquid-cooled drive systems, and motors and alternators; marine LED lights, such as automatic emergency lanterns, flush mounted lights/cabin, flood lights/hanger, pendant, explosion proof pendant, …
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Marine Electricals (India) Limited reported revenue of ₹8.8B in FY2026 versus ₹3.8B in FY2022, a compound +23.6%/yr. Reported net income was ₹584M in FY2026, compounding +45.6%/yr from FY2022.
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Similar stocks
6 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co CYATY | $23.70 | $14.62 | -38% |
| ABB Ltd ABLZF | $110.87 | $35.93 | -68% |
| Delta Electronics (Thailand) Public Company DELTA | 364.00 THB | 39.71 THB | -89% |
| Vertiv Holdings VRT | $357.96 | $89.54 | -75% |
| Mitsubishi Electric Corporation MIELY | $77.64 | $32.46 | -58% |
| LG Energy Solution, Ltd 373220 | 414,000 KRW | 57,882 KRW | -86% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.